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CSPAN
Dec 29, 2012 7:00am EST
negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were go
CSPAN
Dec 28, 2012 2:00pm EST
looking at the bigger picture. host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's go
CSPAN
Dec 27, 2012 10:00am EST
at 2:00 p.m. eastern. no legislative work is expected. we have an update on fiscal cliff negotiations this morning on "washington journal." guest: this is a recession between christmas and new year's. i do not know. maybe they should finish their work. you will see some push in the next few days to get a small deal done. viewers are fan of the process. anything that gets done needs to be done quickly before new year's to be signed into law. today is the 27. and so you have a few days left for lawmakers to make a deal. the president's should land at some point. there is a 5 hour time difference. they have to figure out something. it seems likely will go over the cliff. it has been looking like that before the holiday, but certainly now, particularly if you remember for congress broke for the christmas break, speaker raynor was not able to get the backup plan through his caucus, so there was no pressure on democrats to try to counter that immediately. senate democrats saying we passed a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering.
CBS
Dec 31, 2012 7:00am PST
the final day of fiscal cliff negotiations. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> vice president joe biden is now in on negotiations. >> do i wish that things were more orderly in washington? absolutely. >>> a tour bus crash on an icy oregon highway has killed nine people and injured 20 others. >>> today is december 31st. there's going to be a huge celebration in times square with everyone waiting for that crystal ball to drop. >> just to tell people hey, we were in the crowd in new york city on new year's eve. >>> a fatal plane crash in russia, the impact sending debris flying into oncoming traffic. >>> a scary slip on a frozen lake in the moun tapetains of southern california became a race to save a life. >>> and kim carkardashian is pregnant. >>> intercepted by rob jackson. redskins into the playoffs. rg3. maybe he can solve the fiscal cliff. >>> and all that matters. >> fireworks lit up sydney harbor, beautiful, as people mark the start of 2013. happy new year. >> on "cbs this morning." >>> chuck pagano back on the c
FOX News
Dec 26, 2012 10:00am PST
from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and
Search Results 0 to 4 of about 5